Inter & Co, Inc. (NASDAQ:INTR) Trading Down 4.3% – Here’s What Happened

Inter & Co, Inc. (NASDAQ:INTR)’s share price fell 4.3% during trading on Wednesday . The company traded as low as $5.33 and last traded at $5.34. 1,444,118 shares were traded during mid-day trading, an increase of 0% from the average session volume of 1,441,250 shares. The stock had previously closed at $5.58.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTR shares. UBS Group boosted their price target on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upgraded Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $7.50 to $8.50 in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $7.56.

Inter & Co, Inc. Price Performance

The firm has a 50 day moving average of $6.31 and a 200-day moving average of $6.50. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.29 billion, a P/E ratio of 15.09 and a beta of 1.52.

Hedge Funds Weigh In On Inter & Co, Inc.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp bought a new position in shares of Inter & Co, Inc. during the 3rd quarter valued at about $741,000. Handelsbanken Fonder AB purchased a new stake in Inter & Co, Inc. during the third quarter valued at $603,000. Samlyn Capital LLC lifted its position in Inter & Co, Inc. by 4.1% during the second quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after purchasing an additional 196,355 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth about $2,504,000. Finally, Fourth Sail Capital LP purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at about $9,313,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Company Profile

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.